VERY RARE AND UNIQUE OPPORTUNITY WITHIN PRIME LOCATION OF AVON CENTER! Three residential houses on a total of 1. 11 acres, 8 Woodford Ave, 12 Woodford Ave, and 27 Simsbury Rd. The properties are located on the northwest corner of Simsbury Rd (CT Route 10) and Woodford Ave. To the north, the property abutts the Marriot Hotel. To the west, the property abutts the Avon Village Center (a 90 acre mixed use development plan currently in development) and the Town Hall complex. To the east the property is boardered by Simsbury Rd providing high traffic volume for easy access and great visibility. All three properties are deeply rooted in Avon's history. For example, 8 Woodford Ave was originally built as the Avon Creamery by Avon and Simsbury farmers to sell their dairy products, years later it also served as the Avon Town Clerks office. Easy access to all utilities (Gas, Electric, Public Water, and Cable/Internet). Owner flexible on terms. Existing Zone is CPA. See attached Feasibility Plan. Permitted Uses 1. Business and professional offices 2. Financial institutions 3. Personal services 4. Class I restaurants 5. Class II restaurants 6. Movie theaters 7. Research and experimental laboratories 8. Printing, publishing, and graphic arts establishments 9. Hotels and motels 10. Retail stores Special exceptions 1. Class III restaurants 2. Other uses similar to the permitted uses 3. Medical marijuana dispensary facilities
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William Raveis Real Estate
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Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.305.7387
Mark.Greene@raveis.com
NMLS Mortgage Loan Originator ID 115078
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $952,000 | $952,000 | $952,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.103% | 6.915% |
Monthly Tax Payment | $495 | $495 | $495 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,862 | $6,334 | $8,424 |
Total Monthly Payment | $6,482 | $6,954 | $9,044 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.